Harvard Corporate Governance
OCTOBER 2, 2023
Site visits are considered costly and significant activities for investors to acquire information. Investors may have incentives to keep secret these activities to maintain their trading advantage over the market. -based supplier of premium building products.
Harvard Corporate Governance
SEPTEMBER 2, 2022
Our paper Separating Ownership and Information , forthcoming in the American Economic Review , provides a new perspective on the separation of ownership and control—the fundamental problem in corporate governance according to classical theories (Berle and Means 1932; Jensen and Meckling 1976).
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Harvard Corporate Governance
JANUARY 30, 2024
fair value accounting) affect equity markets, it remains largely unexplored in debt markets. While this question has received much attention in the aftermath of the recent financial crises, often directed at the issue of how particular accounting choices (e.g.,
Harvard Corporate Governance
OCTOBER 3, 2022
In particular, universal banks could use borrowers’ confidential information when selling securities to investors or trading in capital markets. Despite the persisting political and scholarly debate, it is surprising how little we know about banks’ use of private information and banks’ proprietary trading in general.
Harvard Corporate Governance
JANUARY 10, 2023
Because some material contracts contain proprietary information, firms can redact specific information from material contracts so long as the redacted information 1) would cause competitive harm if disclosed and 2) is immaterial to investors. un-redactions). more…).
Harvard Corporate Governance
JANUARY 22, 2024
This study presents direct evidence that increased indexing impairs the flow of information into stock prices. We rely on currency shocks only because they are relatively simple to measure and quantify, so our findings suggest information flow impairment in general. more…)
Harvard Corporate Governance
NOVEMBER 17, 2023
discussed on the Forum here ) by Scott Hirst, Kobi Kastiel, and Tamar Kricheli-Katz; and Companies Should Maximize Shareholder Welfare Not Market Value (discussed on the Forum here ) by Oliver Hart and Luigi Zingales. Bebchuk and Roberto Tallarita; How Much Do Investors Care about Social Responsibility? more…)
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